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Blue Spruce Corporation began operations on December 1, 2019. The only inventory transaction in 2019 was the purchase of inventory on December 10, 2019, at
Blue Spruce Corporation began operations on December 1, 2019. The only inventory transaction in 2019 was the purchase of inventory on December 10, 2019, at a cost of $21 per unit. None of this inventory was sold in 2019. Relevant information for fiscal 2020 is as follows: Ending inventory units: December 31, 2019 140 December 31, 2020, by purchase date - Dec. 2. 2020 140 - July 20, 2020 - , 32 172 During 2020, the following purchases and sales were made: Purchases Sales Mar. 15 320 units at $24 Apr. 10 230 July 20 320 units at $27 Aug. 20 290 Sept. 4 250 units at $30 Nov. 18 190 Dec. 2 2 140 units at $31 Dec. 12 288 The company uses the periodic inventory method. Determine ending inventory under specific identification. Ending inventory $ e Textbook and Media Determine ending inventory under FIFO. $ Ending inventory eTextbook and Media Determine ending inventory under weighted average cost. (Round weighted average cost per unit to 2 decimal places, e.g. 52.75 and final answer to decimal places, eg. 5,275.) $ Ending inventory
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